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REGISTERED COMPANY NUMBER: 07325502 (England and Wales)
REGISTERED CHARITY NUMBER: 1139676




















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 July 2023

for

ASHER TRUST LIMITED

ASHER TRUST LIMITED

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023










Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 6

ASHER TRUST LIMITED (REGISTERED NUMBER: 07325502)

Report of the Trustees
FOR THE YEAR ENDED 31 JULY 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity and its principle activity is to promote orthodox Jewish education and religion amongst the Jewish communities in the UK, Israel and worldwide to assist in alleviating poverty and hardship worldwide.

Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grantmaking policy.

Grantmaking
Grants are made to the charitable institutions and organisations after it has been satisfied that payment will accord with the objectives of the charity.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The results for the period at the year end were considered satisfactory by the trustees.

A summary of the charity's transactions and of it's financial position is shown in the financial statements together with the accompanying notes.

FINANCIAL REVIEW
Reserves policy
The charity aims to maintain reserves in order that it is in a position to continue its grant making activities at a consistent level and to cover contingencies of additional calls being made upon the charity for support of organisations or institutions in times of need.

The present level of funding is adequate to support the continuation of the provision of assistance by the giving of grants, and the trustees consider the financial position of the charity to be satisfactory.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity is constituted as a company limited by guarantee and as such its governing documents are its Memorandum and its Articles of Association.

Organisational structure
The company has 2 trustees; names of members are listed below. The charity is organised so that the trustees meet regularly to manage the affairs of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07325502 (England and Wales)

Registered Charity number
1139676

Registered office
First Floor, Winston House
349 Regents Park Road
London
N3 1DH


ASHER TRUST LIMITED (REGISTERED NUMBER: 07325502)

Report of the Trustees
FOR THE YEAR ENDED 31 JULY 2023


Trustees
Mr D Wulwick
Mrs C G E Wulwick

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 21 February 2024 and signed on its behalf by:





Mr D Wulwick - Trustee

ASHER TRUST LIMITED

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
FOR THE YEAR ENDED 31 JULY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,108 -

EXPENDITURE ON
Charitable activities 2
Grants to charitable institutions 525 -
Charitable Activities 941 769
Total 1,466 769

NET INCOME/(EXPENDITURE) (358 ) (769 )


RECONCILIATION OF FUNDS
Total funds brought forward 23,155 23,924

TOTAL FUNDS CARRIED FORWARD 22,797 23,155

ASHER TRUST LIMITED (REGISTERED NUMBER: 07325502)

Balance Sheet
31 JULY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 23,397 23,755

CREDITORS
Amounts falling due within one year 5 (600 ) (600 )

NET CURRENT ASSETS 22,797 23,155

TOTAL ASSETS LESS CURRENT LIABILITIES 22,797 23,155

NET ASSETS 22,797 23,155
FUNDS
Unrestricted funds 22,797 23,155
TOTAL FUNDS 22,797 23,155

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mr D Wulwick - Trustee

ASHER TRUST LIMITED

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
All funds held are unrestricted income funds.

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of winding up is limited to £10.

2. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note Support
3) costs Totals
£    £    £   
Grants to charitable institutions 525 - 525
Charitable Activities - 941 941
525 941 1,466


ASHER TRUST LIMITED

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


3. GRANTS PAYABLE
2023 2022
£    £   
Grants to charitable institutions 525 -


4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 600 600

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2023.